ESCORTS
ESCORTS - A GOOD COMPANY TO INVEST IF PRICE COMES BELOW 680As shown in the chart ,
There is a confluence below 680
there is a higher high and higher low formation
wave wise - i guess one set of abc is over
As per me , Escorts is good to invest looking for a potential target of 800 in 1-2 year time frame
Escorts - Changing TrendStock seems to be breaking a long term trend line as drawn in the above chart which suggests more selling could come. But its also seems to be taking support at 784 levels so either wait for a retest of the above broken trend line to sell or a breakdown below 780 levels.
Any breakdown below 780 levels with a strong close below that level may signal correction upto 745 levels.
Positional targets can be 684.